TRRBX vs. VOO
Compare and contrast key facts about T. Rowe Price Retirement 2020 Fund (TRRBX) and Vanguard S&P 500 ETF (VOO).
TRRBX is managed by T. Rowe Price. It was launched on Sep 29, 2002. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
TRRBX vs. VOO - Performance Comparison
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TRRBX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRBX T. Rowe Price Retirement 2020 Fund | -0.56% | 6.07% | 9.17% | 13.51% | -14.58% | 10.60% | 13.18% | 19.39% | -5.01% | 15.75% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, TRRBX achieves a -0.56% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, TRRBX has underperformed VOO with an annualized return of 6.66%, while VOO has yielded a comparatively higher 14.14% annualized return.
TRRBX
- 1D
- 1.45%
- 1M
- -3.82%
- YTD
- -0.56%
- 6M
- -4.75%
- 1Y
- 4.03%
- 3Y*
- 7.71%
- 5Y*
- 3.52%
- 10Y*
- 6.66%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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TRRBX vs. VOO - Expense Ratio Comparison
TRRBX has a 0.53% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
TRRBX vs. VOO — Risk / Return Rank
TRRBX
VOO
TRRBX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2020 Fund (TRRBX) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TRRBX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 1.01 | -0.57 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.53 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.55 | -1.06 |
Martin ratioReturn relative to average drawdown | 1.45 | 7.31 | -5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRRBX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 1.01 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.71 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.79 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.83 | -0.24 |
Correlation
The correlation between TRRBX and VOO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRRBX vs. VOO - Dividend Comparison
TRRBX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRBX T. Rowe Price Retirement 2020 Fund | 0.00% | 0.00% | 4.28% | 6.78% | 13.33% | 12.99% | 9.80% | 5.52% | 9.63% | 4.79% | 1.76% | 2.92% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
TRRBX vs. VOO - Drawdown Comparison
The maximum TRRBX drawdown since its inception was -47.04%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TRRBX and VOO.
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Drawdown Indicators
| TRRBX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -33.99% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.68% | -11.98% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -24.52% | +3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -23.90% | -33.99% | +10.09% |
Current DrawdownCurrent decline from peak | -6.35% | -5.55% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -3.72% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.55% | +0.07% |
Volatility
TRRBX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2020 Fund (TRRBX) is 3.34%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that TRRBX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRBX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 5.34% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 9.47% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 18.11% | -8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.17% | 16.82% | -7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 17.99% | -8.33% |